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Top 5 Balanced Mutual Funds
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ShareBalanced mutual funds could be an excellent choice for investors seeking both capital growth and steady income. Investing in this class of funds ensures that gains from rising markets are garnered only at lower levels of risk. The composition of their portfolios also ensures that capital invested is protected during difficult times. Moreover, many balanced funds keep the relative share of equity and debt flexible so that they can respond appropriately to changing market conditions.
Below we will share with you 5 top rated balanced mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform its peers in the future. To view the Zacks Rank and past performance of all balanced funds, then click here.
Transamerica Balanced A (IBALX) seeks capital appreciation with the secondary objective of current income. Common stocks constitute the majority of the fund’s investments. The remainder of its assets is utilized to purchase high quality bonds with maturity periods not exceeding 30 years. This balanced mutual fund returned 19.29% in the last one year period.
The balanced mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.73% compared to a category average of 1.00%.
Delaware Foundation Moderate Allocation A (DFBAX) invests around 60% of its assets in equity and 40% of its assets in fixed-income securities. Between 10% to 60% of its assets are utilized to purchase foreign securities and not more than 15% are invested in emerging market securities. The balanced mutual fund has a five year annualized return of 5%.
As of September 2010, this balanced mutual fund held 1051 issues, with 7.65% of its total assets invested in iShares MSCI EAFE Growth Index.
Thrivent Partner Worldwide Allocation A (TWAAX) seeks capital growth over the long term. The fund invests in both mature economies and developing countries and in instruments of all categories. Large cap growth and value securities issued from foreign markets constitute its major investments. This balanced mutual fund returned 15.88% in the last one year period.
The Fund Manager is Ricardo F. Penfold and he has managed this balanced mutual fund since 2008.
Ivy International Balanced A (IVBAX) invests in equity and debt securities which are issued from mature economies in Europe and the Asia-Pacific region. The fund invests in companies of all sizes and in government securities rated investment grade. The balanced mutual fund has a ten year annualized return of 7.28%.
The balanced mutual fund has a minimum initial investment of $500 and an expense ratio of 1.51% compared to a category average of 1. 21%.
JHancock2 Lifestyle Balanced 5 (JHLAX) seeks both current income and capital growth, but priorities the latter. The fund invests in underlying funds to meet its investment objectives. Up to 60% of its assets are invested in equity and up to 40% in fixed-income funds. The balanced mutual fund returned 16.11% in the last one year period.
The Fund Manager is Bruce Speca and he has managed this balanced mutual fund since 2010.
To view the Zacks Rank and past performance of all balanced mutual funds, then click here.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.
Read the full analyst report on IBALX
Read the full analyst report on DFBAX
Read the full analyst report on TWAAX
Read the full analyst report on IVBAX
Read the full analyst report on JHLAX
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| Market Summary | May 26, 2012 08:58 am ET |
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